weekend charting 29-01-10, page-75

This is what I reckon BSL is doing:

Looks like shes channeling down now after breaking the ascending channel. Stochastics are way oversold and RSI looks like its due to bounce off its support line. Looks like she should bounce from here IMO but the medium term trend is down so I wouldnt go long against it if it were me. Theres a heap of gaps to fill on the way back up as well. Also got horizontal support coming through at $2.50 which is also a nice round number.

Shes had some nice repeating ranges marked with the green lines and check the arrows on the stochastics showing mega oversold areas and the consequent bounces.

I will eat my hat if she doesnt bounce here, though nothing is certain with TA....